Here’s Why Bitcoin (BTC) May Not Cross $100K for the Next 3 Months

5 months ago 21

The cryptocurrency marketplace has been experiencing accrued volatility implicit the past month. Bitcoin (BTC) had an highly bullish commencement to 2025. The world’s largest cryptocurrency climbed each the mode to a precocious of $109,114.88. But the king coin dipped to a debased of $78,248.92 successful nary clip and caused chaos crossed the ecosystem. While the assemblage is betting connected pocketing large gains implicit the adjacent mates of months, a salient expert is suggesting otherwise.

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Is Bitcoin Still Trading Below $100,000?

bitcoin bull bearSource: Watcher Guru

After dipping to a debased of $81,529.24, Bitcoin managed to surge each the mode to a precocious of $88,911.27 successful the past 24 hours. Throughout the past day, the king coin recorded a astir 4% uptick successful its price. At the clip of writing, BTC was trading astatine $87,070.61.

Source: CoinMarketCap

Bitcoin started the period of February astatine a precocious of $102,514.17. But the plus soon dropped to a debased of $78,248.92. A downfall of this magnitude came arsenic a immense daze to the market. While the marketplace was looking for signs of recovery, BTC is expected to proceed trading astir its existent terms levels for immoderate time.

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Third Correction Phase

According to an expert astatine CryptoQuant, Bitcoin volition participate the 3rd corrective signifier of its existent bull cycle. This reportedly started successful aboriginal 2023. During this play BTC is expected to commercialized betwixt $80K and $100K during the adjacent 2 to 3 months. This points to a clip of consolidation earlier the imaginable aboriginal gains. Bull markets often acquisition these corrections, which supply marketplace stableness and momentum.

Source: CryptoQuant

The analayst further added,

If past repeats itself, the existent correction could persist for different 2 to 3 months, with BTC ranging betwixt $80K and $100K. In this scenario, a decisive breakout supra $100K could people the extremity of the corrective phase, perchance paving the mode for a rally toward $130K.

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